Majid Al-Futtaim - celebsbar.com

EXCLUSIVE: Universal Pictures International is forming a new partnership with Emirates-based Majid Al Futtaim Distribution which will see the latter release Universal movies in Saudi Arabia and other GCC countries (Bahrain, Kuwait, Oman, Qatar, UAE) and Egypt. In Lebanon and Cyprus, Uni will retain its longstanding distribution relationship with Four Star Films.

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IMAX Chief Commits Format To Carry Arab Films & Highlights How ‘Oppenheimer’ Is Pushing Global Sales: “We Owe A Lot To Christopher Nolan” — Red Sea

“The work that exhibitors have done in this market is nothing short of exceptional,” Luke Vetere, Managing Director of Majid Al Futtaim Distribution, one of the largest theatrical distributors in the MENA region, told a crowd of industry figures this morning at Saudi Arabia’s Red Sea Film Festival.

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Saudi Cinema Chain Vox Invests in Country’s Future Filmmakers and Theaters

Nick Vivarelli International CorrespondentLast December, during the inaugural Red Sea Film Festival in Jeddah, Saudi Arabia, Vox Cinemas announced plans to produce 25 Arabic movies with budgets under $10 million over the next five years.Variety spoke to Ignace Lahoud, CEO of Majid Al Futtaim Leisure, Entertainment and Cinemas, which owns Vox, about how this aligns with the company’s wider commitment to boost the region’s burgeoning film industry while also making Vox less dependent on Hollywood. The following has been edited for length.What is a big takeaway from the Saudi market so far?Interestingly, what we are seeing is that some of the big Hollywood blockbusters in recent months maybe did not perform up to expectation for a country like Saudi.

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Vox Aims to Be the Voice of Cinema in West Asia

Nick Vivarelli International CorrespondentVox Cinemas, the highest-grossing exhibitor in West Asia, where it operates more than 600 screens, will focus on diversification next, while also continuing its geographical expansion plan, says Ignace Lahoud, CEO of Majid Al Futtaim Leisure (MAF), Entertainment and Cinemas, which operates Vox.“In the last two or three years, most of our growth has been focused on building and opening cinemas in Saudi Arabia. We intend to continue expanding there, although probably not at the same pace.”Several analysts, including PwC, see Saudi as becoming a billion-dollar movie market.Variety is honoring Vox with its Achievement in Intl.

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